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Economy of Comoros vs Georgia compared: GDP & Debt

Updated on by Georank team

Comoros has a GDP of $1.55B compared to $33.8B for Georgia, ranking 183/197 and 107/197 by economy size, respectively.

Comoros has $477M in government debt (32.5% of GDP), compared to $12.2B (35.8% of GDP) in Georgia.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Comoros
GDP, current $

GDP, constant 2015 $
Georgia
GDP, current $

GDP, constant 2015 $
Year GDP
Comoros Georgia
Current $ Constant $ Current $ Constant $
1960 - - - $5,243,159,136
1961 - - - $5,498,288,150
1962 - - - $5,779,416,530
1963 - - - $6,022,260,625
1964 - - - $6,349,244,544
1965 - - - $7,019,638,204
1966 - - - $7,548,614,493
1967 - - - $8,020,635,559
1968 - - - $8,378,001,666
1969 - - - $8,778,177,254
1970 - - - $9,836,129,833
1971 - - - $10,079,213,237
1972 - - - $10,365,106,122
1973 - - - $11,037,028,854
1974 - - - $12,009,362,470
1975 - - - $12,895,704,866
1976 - - - $13,682,282,557
1977 - - - $14,625,580,176
1978 - - - $15,712,196,495
1979 - - - $16,870,286,035
1980 $212,218,262 $339,631,220 - $17,642,345,728
1981 $196,349,932 $352,757,725 - $18,571,497,605
1982 $184,009,014 $375,275,369 - $18,943,381,710
1983 $191,621,955 $393,368,903 - $19,758,250,885
1984 $184,697,226 $409,537,545 - $20,830,721,462
1985 $196,726,096 $418,874,840 - $21,860,010,300
1986 $279,197,722 $426,697,798 - $20,072,807,510
1987 $337,525,853 $433,686,187 $7,321,981,334 $20,330,036,656
1988 $356,500,033 $445,340,980 $8,833,588,173 $21,459,462,456
1989 $341,476,768 $431,177,995 $8,902,632,715 $19,915,715,326
1990 $429,622,178 $453,130,286 $7,735,927,264 $16,970,422,996
1991 $424,108,770 $428,681,020 $6,324,503,311 $13,389,689,057
1992 $457,388,652 $465,251,719 $3,690,328,964 $7,377,748,823
1993 $452,881,475 $479,237,471 $2,701,181,331 $5,216,056,134
1994 $319,189,184 $453,949,150 $2,513,867,645 $4,673,678,615
1995 $398,461,797 $470,337,651 $2,693,732,612 $4,795,034,189
1996 $396,053,806 $464,262,352 $3,094,936,177 $5,332,200,118
1997 $364,445,601 $482,972,838 $3,510,520,231 $5,893,190,455
1998 $370,106,746 $489,167,041 $3,613,497,317 $6,075,968,328
1999 $382,454,990 $498,580,614 $2,800,025,883 $6,250,184,305
2000 $351,136,580 $552,666,034 $3,057,475,335 $6,365,211,521
2001 $378,512,024 $565,559,219 $3,219,462,262 $6,671,206,250
2002 $425,964,681 $578,708,159 $3,395,766,678 $7,036,389,740
2003 $546,885,223 $590,883,436 $3,991,377,904 $7,814,405,535
2004 $633,706,111 $602,226,388 $5,125,365,192 $8,267,069,270
2005 $653,845,169 $619,314,850 $6,410,912,050 $9,059,975,320
2006 $698,431,794 $635,707,838 $7,745,250,734 $9,913,559,156
2007 $795,673,153 $640,793,770 $10,172,931,089 $11,160,245,710
2008 $915,659,108 $666,198,752 $12,795,145,131 $11,430,503,828
2009 $905,341,173 $709,414,591 $10,766,920,066 $11,013,204,447
2010 $907,979,446 $743,473,998 $12,426,907,967 $11,701,134,203
2011 $1,023,087,476 $787,250,882 $15,475,290,469 $12,629,541,567
2012 $1,015,842,907 $836,931,449 $16,894,392,033 $13,460,417,766
2013 $1,116,223,107 $911,646,575 $17,517,660,144 $14,151,325,572
2014 $1,149,587,624 $947,161,529 $17,966,015,109 $14,730,184,214
2015 $966,029,600 $966,029,600 $15,223,796,149 $15,223,796,149
2016 $1,012,835,493 $992,887,430 $15,444,548,902 $15,749,049,875
2017 $1,077,439,756 $1,048,451,293 $16,473,125,375 $16,561,685,511
2018 $1,188,797,450 $1,091,014,284 $17,902,544,881 $17,565,660,917
2019 $1,195,019,531 $1,130,604,685 $17,638,337,117 $18,510,819,818
2020 $1,225,039,196 $1,175,888,998 $16,010,869,216 $17,346,401,921
2021 $1,299,039,312 $1,207,941,362 $18,853,115,589 $19,192,793,472
2022 $1,279,542,248 $1,241,985,921 $24,984,568,960 $21,296,041,913
2023 $1,430,523,436 $1,280,048,597 $30,777,833,601 $22,963,990,777
2024 $1,546,164,420 $1,323,426,672 $33,776,141,251 $25,129,167,228

Economic indicators

Comoros Georgia
Gross domestic product
$1.55B
2024
$33.8B
2024
GDP rank
183/197
2024
107/197
2024
GDP growth
8.08%
2023-2024
9.74%
2023-2024
GDP per capita
$1,784
2024
$9,194
2024
GDP per capita rank
158/197
2024
89/197
2024
GDP per capita, PPP
$4,055
2024
$28,418
2024
Government debt
$477M
2024
$12.2B
2024
Debt-to-GDP ratio
32.5%
2025
35.8%
2025
Government debt per person
$550
2024
$3,318
2024
Government debt per person rank
165/185
2024
97/185
2024
Average annual personal income after taxes
$1,909
2025
$6,750
2025
Number of billionaires n/a
2
2025
Income share by richest 10%
33.6%
2014
26.2%
2024
Income share by poorest 10%
1.6%
2014
2.9%
2024
Government expenditure, % of GDP
21.6%
2025
29.9%
2025
Consumer prices inflation
3.3%
2024-2025
1.11%
2023-2024
Central bank interest rate n/a
8%
2024
Unemployment rate
4.39%
2021
11.7%
2020
Population
895828
3672886

GDP per capita in Comoros vs Georgia

Comoros' GDP per capita is $1,784, ranking 158/197, compared to $9,194 in Georgia, ranking 89/197. Adjusted for purchasing power (GDP per capita PPP), Comoros ranks 166th at $4,055, while Georgia ranks 74th at $28,418.

Comoros
GDP per capita

GDP per capita, PPP
Georgia
GDP per capita

GDP per capita, PPP
Year Current $
Comoros Georgia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1980 $628 - - -
1981 $565 - - -
1982 $515 - - -
1983 $522 - - -
1984 $489 - - -
1985 $507 - - -
1986 $699 - - -
1987 $822 - $1,544 -
1988 $845 - $1,844 -
1989 $788 - $1,853 -
1990 $966 $1,386 $1,611 $5,836
1991 $931 $1,323 $1,308 $4,727
1992 $983 $1,438 $757 $2,643
1993 $956 $1,489 $550 $1,898
1994 $662 $1,415 $520 $1,764
1995 $812 $1,471 $578 $1,919
1996 $794 $1,454 $689 $2,253
1997 $718 $1,512 $807 $2,616
1998 $716 $1,522 $852 $2,795
1999 $727 $1,546 $674 $2,977
2000 $655 $1,719 $750 $3,161
2001 $692 $1,762 $802 $3,441
2002 $762 $1,793 $854 $3,719
2003 $960 $1,831 $1,010 $4,240
2004 $1,091 $1,880 $1,305 $4,635
2005 $1,103 $1,954 $1,643 $5,272
2006 $1,155 $2,026 $1,996 $5,980
2007 $1,290 $2,056 $2,635 $6,951
2008 $1,455 $2,136 $3,325 $7,279
2009 $1,410 $2,244 $2,823 $7,119
2010 $1,387 $2,333 $3,282 $7,712
2011 $1,531 $2,472 $4,120 $8,564
2012 $1,490 $2,679 $4,531 $10,060
2013 $1,603 $2,833 $4,712 $10,797
2014 $1,616 $2,938 $4,830 $11,771
2015 $1,329 $2,949 $4,087 $12,270
2016 $1,365 $3,139 $4,143 $13,065
2017 $1,424 $3,347 $4,419 $13,719
2018 $1,541 $3,305 $4,804 $15,022
2019 $1,519 $3,313 $4,741 $16,770
2020 $1,527 $3,262 $4,301 $16,791
2021 $1,588 $3,449 $5,084 $18,916
2022 $1,534 $3,726 $6,730 $22,461
2023 $1,682 $3,903 $8,284 $25,072
2024 $1,784 $4,055 $9,194 $28,418

Spending and national debt comparison

In 2024, Comoros' government spending was $308M, accounting for 21.6% of its GDP, while Georgia's spent $10.2B, or 29.9% of GDP.

Debt-to-GDP ratio is 32.5% in Comoros and 35.8% in Georgia, ranking 157/185 and 145/185, respectively.

Comoros
Government spending

Government debt
Georgia
Government spending

Government debt
Year % of GDP
Comoros Georgia
Government spending Government debt Government spending Government debt
1984 23.3% 150.3% - -
1985 24.8% 142.9% - -
1986 25.6% 136.8% - -
1987 22.4% 128.9% - -
1988 20.2% 120% - -
1989 19.7% 113.8% - -
1990 20.3% 108.1% - -
1991 19.9% 103.9% - -
1992 20.4% 101% - -
1993 16.3% 95.7% - -
1994 21.8% 87.8% - -
1995 18.4% 77.7% 15.6% 19.8%
1996 15.5% 75.4% 18.4% 38.9%
1997 14.5% 70.9% 21.9% 48.2%
1998 13.1% 69.4% 18.9% 80%
1999 11.5% 64.5% 19.8% 76.5%
2000 9.74% 60.7% 16.9% 58.5%
2001 13% 53% 16.8% 53%
2002 14.3% 48.2% 16% 50.3%
2003 12.8% 44.4% 16.1% 54.6%
2004 11.7% 42.4% 18.9% 44.3%
2005 12.8% 39.9% 21.6% 35.3%
2006 12.5% 38.5% 22.7% 28.3%
2007 13.1% 35.6% 27.7% 22.5%
2008 15.1% 33.2% 31.8% 26.3%
2009 13.7% 31.7% 34.8% 33.6%
2010 13.3% 30.5% 31% 31.4%
2011 13.2% 27.7% 27.1% 27.7%
2012 14.9% 25.1% 27.7% 28.1%
2013 14.8% 10.3% 26.6% 28.9%
2014 14.5% 11.8% 27.5% 30.3%
2015 19.1% 14.3% 27% 36%
2016 18.9% 16.2% 27.8% 39.5%
2017 18.8% 18.9% 27.2% 38.9%
2018 19.2% 17% 26.7% 38.2%
2019 20.1% 21.2% 28.7% 40%
2020 18.8% 24.3% 34.1% 59.6%
2021 20% 26.3% 31.2% 49.1%
2022 18.4% 28.2% 28.5% 39.2%
2023 17.9% 28.7% 29.7% 38.9%
2024 19.9% 30.8% 30.3% 36.1%
2025 21.6% 32.5% 29.9% 35.8%

Government deficit by year

In 2024, Comoros' government deficit, the difference between spending and revenue, was -$54.2M, equivalent to -3.5% of GDP. This compares to Georgia's deficit of -$775M, or -2.3% of GDP.

Over the past 30 years, Comoros recorded a fiscal deficit in 24 of those years, while Georgia ran a deficit in 26 years. On average, Comoros posted an annual deficit equal to -0.96% of GDP, compared to deficit of -2.16% of GDP for Georgia.

Deficit/surplus
Comoros

Georgia
Year Deficit/surplus, % of GDP
Comoros Georgia
1984 -5.7% -
1985 -5.02% -
1986 -4.83% -
1987 -3.11% -
1988 -2.69% -
1989 -1.31% -
1990 -1.03% -
1991 -2.26% -
1992 -1.99% -
1993 1.27% -
1994 -3.7% -
1995 -4.13% -4.89%
1996 -3.43% -5.91%
1997 -1.3% -6.79%
1998 -2% -4%
1999 -0.46% -4.72%
2000 -1.14% -1.92%
2001 -2.13% -0.71%
2002 -2.15% -0.19%
2003 -2.05% -0.55%
2004 -0.98% 3.59%
2005 -1.41% 2.14%
2006 -1.51% 3.28%
2007 -1.18% 0.81%
2008 -1.46% -1.92%
2009 0.36% -6.36%
2010 4.2% -4.48%
2011 0.86% -0.81%
2012 1.96% -0.71%
2013 10.5% -1.25%
2014 -0.33% -1.78%
2015 2.6% -1.16%
2016 -5.52% -1.49%
2017 -0.1% -0.45%
2018 -1.35% -0.8%
2019 -4.3% -1.82%
2020 -0.52% -9.16%
2021 -2.81% -5.97%
2022 -4.17% -2.2%
2023 -1.34% -2.33%
2024 -3.5% -2.3%
2025 -2.4% -2.56%

Inflation comparison by year

Over the past 29 years, Comoros has recorded an average annual inflation rate of 3.32%, compared with 6.74% in Georgia. In 2024, inflation was 3.3% in Comoros and 1.11% in Georgia.

Inflation
Comoros

Georgia
Year Inflation
Comoros Georgia Comoros Georgia
1996 2.4% 39.4%
1997 1.5% 7.09%
1998 1.2% 3.57%
1999 1.1% 19.2%
2000 5.9% 4.06%
2001 5.6% 4.65%
2002 3.6% 5.59%
2003 3.7% 0.84%
2004 4.5% 5.66%
2005 3% 8.25%
2006 3.4% 9.16%
2007 4.5% 9.24%
2008 4.8% 10%
2009 4.8% 1.73%
2010 3.9% 7.11%
2011 2.2% 8.54%
2012 5.9% -0.94%
2013 0.4% -0.51%
2014 0% 3.07%
2015 0.9% 4%
2016 0.8% 2.13%
2017 0.1% 6.04%
2018 1.7% 2.62%
2019 3.7% 4.85%
2020 0.8% 5.2%
2021 0% 9.57%
2022 12.4% 11.9%
2023 8.5% 2.49%
2024 5% 1.11%
2025 3.3% -

Top exports between countries

Comoros
Export category Export value
Georgia
Export category Export value
Transport & tourism services $476K

Balance of trade

Comoros Georgia
Current account balance
-$24.6M
2023
-$1.53B
2024
Current account balance ranking
77/189
2023
132/189
2024
Current account balance, % of GDP
-1.72%
2023
-4.53%
2024
Goods imports
$299M
2023
$15.2B
2024
Goods exports
$32.1M
2023
$8.63B
2024
Service imports
$205M
2023
$3.82B
2024
Service exports
$116M
2023
$7.7B
2024
Imports of goods and services, % of GDP
34.5%
2024
56%
2024
Exports of goods and services, % of GDP
9.91%
2024
48.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Comoros Georgia
Economic freedom 51.4 69
Economic freedom ranking 153/197 41/197
Property rights 22.9 62.3
Government integrity 16 58.9
Judicial effectiveness 20.9 55.3
Tax burden 65.3 89.1
Government spending 89.5 72.9
Fiscal health 86.1 75.9
Business freedom 49.9 78.1
Labor freedom 55.1 63.5
Monetary freedom 71.3 65.3
Trade freedom 64.2 86.2
Investment freedom 45 60
Financial freedom 30 60

Economic freedom by year comparison

The Economic Freedom Index for Comoros is 51.4, ranking 153/197, compared to 69 for Georgia, ranking 41/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Comoros
Georgia
Year Economic freedom index
Comoros Georgia
1996 - 44.1
1997 - 46.5
1998 - 47.9
1999 - 52.5
2000 - 54.3
2001 - 58.3
2002 - 56.7
2003 - 58.6
2004 - 58.9
2005 - 57.1
2006 - 64.5
2007 - 69.3
2008 - 69.2
2009 43.3 69.8
2010 44.9 70.4
2011 43.8 70.4
2012 45.7 69.4
2013 47.5 72.2
2014 51.4 72.6
2015 52.1 73
2016 52.4 72.6
2017 55.8 76
2018 56.2 76.2
2019 55.4 75.9
2020 53.7 77.1
2021 55.7 77.2
2022 50.4 71.8
2023 53.5 68.7
2024 52 68.4
2025 51.4 69

More economic indicators

Comoros Georgia
Services, % of GDP
50.1%
2024
62.8%
2024
Industry, % of GDP
9.56%
2024
19.1%
2024
Agriculture, forestry, and fishing, % of GDP
36.6%
2024
5.42%
2024
GNI, Atlas method
$1.47B
2024
$30.1B
2024
GNI per capita, PPP
$4,080
2024
$26,570
2024
Total reserves including gold
$324M
2024
$4.45B
2024
Total reserves ranking
166/177
2024
104/177
2024
Net foreign direct investment
-$5.35M
2023
-$906M
2024
Net inflows of foreign direct investment
$7.1M
2024
$1.37B
2024
Net outflows of foreign direct investment
$1.1M
1990
$462M
2024
Servicing debt to the IMF, % of GNI
1.31%
2023
12.5%
2023
Poverty at national poverty lines
44.8%
2020
9.4%
2024
Gross capital formation, % of GDP
11.7%
2024
22.8%
2024

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.